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Georgia · Nonprofit

Reformed University Inc

Reformed University Inc (Georgia) receives grants from 7 organizations whose IRS filings report $107,400 to it, the largest being THE GRACE AND MERCY FOUNDATION INC ($30,000). 4 of them have funded it in more than one year.

Revenue FY2024
$2.1M
Funders on record
7
Grants received
$107k
Net assets
$3.7M
4/7 repeat funderspeak grant-dependency 6%
01What it does

What Reformed University Inc does

Mission

Provide education in theology, divinity, religious education, ministerial training, business and organizational leadership.

As stated on its FY2024 Form 990.

Program

  1. A Christian institution committed to excellence in theological education based in the Reformed Christian tradition, and a competitive business school, dedicated to preparing our students to the challenges of the marketplace.

    $605,972 spent$1,972,034 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $605,972.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($438k) Expenses 100 ($426k) Net assets 100 ($416k)2018 Revenue 170 ($744k) Expenses 174 ($742k) Net assets 100 ($418k)2019 Revenue 203 ($888k) Expenses 205 ($871k) Net assets 104 ($433k)2020 Revenue 320 ($1.4M) Expenses 232 ($990k) Net assets 157 ($652k)2021 Revenue 340 ($1.5M) Expenses 181 ($770k) Net assets 330 ($1.4M)2022 Revenue 402 ($1.8M) Expenses 260 ($1.1M) Net assets 487 ($2.0M)2023 Revenue 462 ($2.0M) Expenses 262 ($1.1M) Net assets 704 ($2.9M)2024 Revenue 481 ($2.1M) Expenses 266 ($1.1M) Net assets 879 ($3.7M)
'17'18'19'20'21'22'23'24
Revenue (481)Expenses (266)Net assets (879)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $958k to $2.1M (+115%).

$923k
$799k
$958k
$2.1M
$2.6M
$3.4M
$4.4M
$4.8M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 27% · 2018 14% · 2020 8% · 2021 2% · 2022 6% · 2023 7%. Grants only. Government contracts and fees sit inside program revenue.

0% of Reformed University Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (48% for the typical peer).

This organization
Typical peer · 12,352 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$12k
’17
$2k
’18
$17k
’19
$412k
’20
$719k
’21
$654k
’22
$905k
’23
$971k
’24
19
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Dong Soon Park

Chairperson

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed326778911
Joined···+1+6+2+2+5
No longer listed···06113
03Who funds it

Who funds it, year by year

2017 → 2021: the base broadened from 2 funders to 3 funders, grant income fell $27k → $11k.

1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 18% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Reformed University Inc’s funders (the co-funder graph). Top 6 of 7 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Reformed University Inc leans on a few funders — its largest provides 28% of grant income and the top three 69%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

28%
largest funder
69%
top three
~5
effective funders

Largest funder’s share by year: 2017 91% · 2018 100% · 2019 52% · 2020 63% · 2021 91% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Reformed University Inc draws 100% of its grant income from funders outside Georgia, across 5 states in all.

MI
NY
NJ
CA
TN

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
Georgia out of state home

Funder states come from each funder’s own filing. $19k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Reformed University Inc runs a healthier operating margin than three-quarters of the 11,752 education nonprofits its size.

Operating margin46% · top quartile
Months of reserve19.2mo · top quartile
Revenue growth (annualized)25% · top quartile

this organization peer median middle 50% of peers· 11,752 education nonprofits $1M–$10M, FY2024

Government funding Reformed University Inc receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $760k on record.

Federal$760k
grants $760kcontracts $0
20
21
22
Top agencies
  • Department of Education$760k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Reformed University Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Georgia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

53% of spending goes to programs.

Program 53%Management 47%Fundraising 0%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

GA

Screen this organization

A dated, signed PDF of the compliance screen for Reformed University Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Reformed University Inc?
Reformed University Inc (Georgia) receives grants from 7 organizations whose IRS filings report $107,400 to it, the largest being THE GRACE AND MERCY FOUNDATION INC ($30,000). 4 of them have funded it in more than one year.
How many funders does Reformed University Inc have?
IRS filings report 7 organizations giving $107,400 in grants to Reformed University Inc, 4 of which have funded it in more than one year.
Who is the largest funder of Reformed University Inc?
THE GRACE AND MERCY FOUNDATION INC is the largest funder on record, with $30,000 in grants. The full list of funders is on this page.
How can an organization like Reformed University Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Georgia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Reformed University →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing